A new wave of oil from Iran will flow into a global market awash in oil where prices are plunging to depths not seen in a dozen years. With a historic nuclear deal between Iran, the U.S. and five other world powers set into place this weekend, a European oil embargo on the world's seventh-largest oil producer will end.
5 years, 9 months ago
Global demand for OPEC crude in 2015 is expected to fall to the lowest level in more than a decade and far below current output, the group said on Wednesday, pointing to a hefty supply surplus without OPEC output cuts or a slowdown in the U.S. shale boom.
6 years, 10 months ago
The discovery of oil in our waters would change dramatically the face of the Mauritian economy. If the Seychelles, which is our partner on this project has already started the machinery, however, Maurice proceeded with caution.
7 years, 11 months ago
After Vivo Energy Mauritius, Total Mauritius Ltd, Engen Petroleum Mauritius, Indian Oil Ltd, it is the turn of the company, Beta Oil Terminal Ltd. position for storage of petroleum products in Port Louis. Indeed, Beta Oil Terminal Ltd proposes to build three silos of fuels with a storage capacity of 19,700 cubic meters Mer Rouge.
8 years, 1 month ago
It was the cook who did it. After years of claim and counter claim that Australia was pricing itself out of the raw materials business, a pay claim which would see a cook on an offshore oil and gas rig paid $240,000 a year proved the point about out-of-control costs.
8 years, 4 months ago